2-bedroom flat · CT9 5AJ
For saleListed 937 days
Opportunity summary
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About
Top floor penthouse apartment - lift - share of freehold - sea views Your Move are delighted to market this top floor 2 double bedroom penthouse apartment with uninterrupted panoramic sea views and no chain.
The building has been well maintained by the owners and has a lift to the third floor. Its communal areas are regularly cleaned and the communal gardens maintained by a gardener.
There is also a bike storage area with access to the sandy beach and main sands. This property comes with a share of the freehold but also benefits from 195 year lease.
The lease does not allow for Airbnb to maintain a quieter environment. There is unrestricted parking but its less than a 5 minute walk to the railway station.
This home would make an ideal home or holiday home so call today to view.
EPC Rating F Council Tax Band B Communal entrance Via an entry phone system with a lift to the 3rd floor or carpeted staircase.
Bike storage on the ground floor with access to the communal garden and additional storage cupboard ideal for deck chairs.
Entrance Hall 2.61 x 2.46 Large entrance hall, with entry phone, carpeted, picture rail, smoke alarm, cupboard housing water tank, wall mounted electric heater.
Lounge/Diner L shaped lounge diner with a double glazed window to the rear with uninterrupted sea views, carpeted, feature oak and marble fireplace, TV point, coving.
In the dining area there is space for a table and chairs, wall mounted heater and hatch to kitchen.
Lounge area is 4.64 x 3.93 and the dining area is 3.42 x 1.91 Bedroom 3.80 x 3.40 With a double glazed window to the front, carpeted, telephone point.
Bedroom 3.82 x 2.28 With a double glazed window to the front, carpeted.
Bathroom 2.54 x 2.20 Panelled bath, low level wc, pedestal wash basin, tiled walls, extractor, chrome towel rail, wall mounted electric heater.
Kitchen 4.54 x 2.80 With a double glazed window to the rear with uninterrupted sea views.
A range of matching wood wall and base units with mottled worktops, composite 1.5 bowl sink and drainer with tiled splash backs.
Fridge and washing machine only purchased in Nov 2021 with space and plumbing for dish washer, tumble dryer and freezer. Electric hob with extractor over and electric oven.
Plate rack, glass display units, wine rack, wood effect flooring, hatch to dining area.
Lease and maintenance We have been advised by the vendor that the property comes with a share of the freehold and that the freeholders manage the block themselves.
The lease is 195 years and the service charge is £126 per month which also includes the cleaning of the communal areas, buildings insurance and a gardener for the communal garden.
The lease restricts Airbnb but does allow for long term rental.
Communal Garden Located to the rear of the property with access directly onto the sandy beach and with views across to the harbour arm and sunsets.
With access to the bike storage and promenade, ideal for the Viking trail or for a swim in the pool if the tide is out. Also ideal for BBQs and just enjoying the sea air.
Location Ideally located with uninterrupted sea views across to Margate main sands and the harbour but its also ideally located to appreciate the famous Margate Turner sunsets.
Less than 5 minutes to the railway station and just a short stroll to the Old Town and Turner Contemporary. Ideal for Margate's main sands or Westbrooks sandy beach in the next bay.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QCL210063/8
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About Flat 17 Hollywood Court 10-11,, Royal Crescent, Margate
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